The Future of AI in Finance: Lowering Taxes and Securing Wealth
For years, the idea of handing over your financial life to a machine was the stuff of science fiction. Many people are still managing their money using outdated methods—or worse, relying on "gut feelings" and paper returns—while missing out on significant tax savings and investment returns. The problem is that human error in finance is high, with some estimates suggesting humans are wrong nearly 40% of the time in complex calculations. As inflation and tax codes become more complex, staying "old school" isn't just a preference; it’s a financial risk. 🎧
In this episode of What’s Kenner French Thinking?, co-host Elaine Mingus sits down with R. Kenner French, author of the Amazon bestseller ModernMillions.ai. Kenner discusses the shift from being laughed at for "preaching AI" in 2018 to the current reality where AI is integrated into everything from TurboTax to high-level wealth management. They explore how AI can put a "moat" around your business, the upcoming boom in AI security jobs, and why personal responsibility is the key to navigating this new frontier. 📈
What You’ll Learn:
• How AI puts a protective "moat" around your assets and business to prevent lawsuits.
• The "Sigma Rate": Why AI’s 14% error rate beats the human 38% error rate in financial modeling.
• Practical ways AI is currently lowering tax liability for business owners.
• The evolution of "Robo-Advisors" and their role in modern investment portfolios.
• Why "AI Security" is the most important career path for new graduates.
• The future of "On-Device LLMs" and how they will solve current privacy and cloud concerns. ⚠️
Who This Episode Is For:
• Business Owners looking for ways to reduce tax liability and protect their wealth.
• Retirees wanting to ensure their portfolios last through market volatility.
• Students and Job Seekers interested in the emerging sector of AI cybersecurity.
• Early Adopters who want to stay ahead of the "AI explosion" in the financial world. 🌱
Technology is moving faster than the law, and the "human experiment" of AI in finance is happening in real time. Whether you’re looking to protect your Social Security number or pick better investment strategies, the era of the informed AI consumer has arrived.
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